News Highlights: Top Company News of the Day
Pandemic-Era Shoppers Splurge on Vitamins, Boosting Nestlé Sales
Nestlé said the virus has increased consumers' health
consciousness, boosting the company's small but fast-growing
health-sciences unit and contributing to better-than-expected
Pfizer Sets Up Its 'Biggest Ever' Vaccination Distribution Campaign
The drugmaker is preparing to ship over a billion doses of
Covid-19 vaccine using frozen boxes, cargo planes and trucks in a
mega logistics operation.
Cathay Pacific Slashes Workforce as Travel Forecasts Remain Bleak
Hong Kong's flagship carrier will cut its workforce by a quarter
and close a subsidiary airline as it seeks to stem losses from a
coronavirus-induced downturn that is expected to devastate the
aviation industry for years.
Cameo Pitches Its Custom Celebrity Videos for Business-to-Business Marketing
Cameo, a company that helps fans hire celebrities from Snoop
Dogg to Rosie O'Donnell to record custom videos for birthdays and
other occasions, believes it has a new revenue opportunity:
pitching its stable of actors, athletes and influencers for
Rising Interest in Recreational Vehicles Helps Rental Platform Secure Investment
Private-equity firm KKR & Co. Inc. is spearheading an
investment of more than $100 million in a peer-to-peer rental
platform for recreational vehicles as the coronavirus pandemic
brings new interest to the pastime.
Apollo Board Panel to Review Leon Black Ties With Jeffrey Epstein
The law firm Dechert has been selected to examine the business
dealings between the private-equity firm's CEO and the disgraced
GMC's All-Electric Hummer Pickup Highlights GM's New Strategy on EVs
The company is shifting its strategy to attract customers who
have deep pockets and want to be seen riding in style.
Disney Denounces California's Theme-Park Reopening Plans
Disney said the strict guidance would significantly complicate
the company's efforts to reopen Disneyland and criticized the
government for applying inconsistent standards for different
businesses in the state.
Berkshire to Pay $4.1 Million to Settle Allegations of Violating U.S. Sanctions on Iran
Berkshire Hathaway has agreed to pay roughly $4.1 million to
settle allegations that a Turkish subsidiary violated U.S.
sanctions on Iran.
Justice Department Presses to Curtail Purdue Pharma Bankruptcy Probe
The Justice Department is urging a bankruptcy judge to limit a
creditor probe of OxyContin maker Purdue Pharma into the billions
of dollars in profits collected by the Sackler family members who
own the company.
(END) Dow Jones Newswires
October 21, 2020 09:15 ET (13:15 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.